Mich. Comp. Laws § 38.1404

Current through Public Act 57 of the 2024 Legislative Session

Section 38.1404 - Percentage increase to monthly retirement allowance payable under additional former provisions; continuation

(1) The percentage increase to the monthly retirement allowance payable to a retirant or retirement allowance beneficiary under either section 27f of chapter I or section 25c of chapter II of former Act No. 136 of the Public Acts of 1945, is continued as provided in this section.

(2) The monthly retirement allowance payable to a retirant or retirement allowance beneficiary after September 30, 1976, who was on the rolls for September 30, 1976, is supplemented as follows:

Supplement for
Effective Date of Retirement	October 1, 1976 and 1977
July 1, 1975, to June 30, 1976	1%
July 1, 1974, to June 30, 1975	2%
July 1, 1973, to June 30, 1974	3%
July 1, 1972, to June 30, 1973	4%
July 1, 1971, to June 30, 1972	5%
July 1, 1970, to June 30, 1971	6%
July 1, 1969, to June 30, 1970	7%
July 1, 1968, to June 30, 1969	8%
Before July 1, 1968	8%

MCL 38.1404

1980, Act 300, Imd. Eff. 10/31/1980 ;--Am. 1985, Act 91, Imd. Eff. 7/10/1985.